SMART Board Meeting Agenda Packet April 2026
SMART increases funding for Michelin bus tire lease
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Description
SMART amended its bus tire leasing contract with Michelin North America, Inc. to add $145,152 for Option Year 2 due to increased service levels and tire usage. The adjustment raises the Option Year 2 ceiling to $1.22 million and the total five-year contract value to approximately $5.23 million.
Contract Details
Contract Amount
Increase of $145,152.00 for Option Year 2, for a total not to exceed $1,223,538.00 for Option Year 2 and $5,232,731.00 over five years
Vendor
MICHELIN NORTH AMERICA INC
Agency
Suburban Mobility Authority For Regional Transportation, MI
Contract Type
EQUIPMENT
Document Date
April 23, 2026
Contract Term
Existing contract originally May 1, 2022 – April 30, 2025 with two one-year options; Option Year 1 May 1, 2025 – April 30, 2026; Option Year 2 May 1, 2026 – April 30, 2027
Renewal Date
2027-04-30
Renewal Info
Existing five-year contract structure with two one-year options remains; this action increases funding authorization for Option Year 2 only. Contract is scheduled to end April 30, 2027 if no further extensions are added.
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APPROVEDIssuing Agency
Suburban Mobility Authority For Regional Transportation
Special District
Detroit, MI
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